HENNESSY FUNDS INC
NSAR-A, 1999-03-01
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<PAGE>      PAGE  1
000 A000000 12/31/98
000 C000000 0001005778
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE HENNESSY FUNDS, INC.
001 B000000 811-7493
001 C000000 4142873305
002 A000000 615 EAST MICHIGAN STREET
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 HENNESSY BALANCED FUND
007 C030100 N
007 C010200  2
007 C020200 HENNESSY LEVERAGED DOGS FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 FIRSTAR MUTUAL FUND SERVICES, LLC
010 B00AA01 85-11357
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
012 A00AA01 FIRSTAR MUTUAL FUND SERVICES, LLC
012 B00AA01 85-11357
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53202
013 A00AA01 KPMG LLP
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
014 A00AA01 EDWARD J. HENNESSY, INC.
<PAGE>      PAGE  2
014 B00AA01 8-40901
015 A00AA01 FIRSTAR BANK MILWAUKEE, N.A.
015 B00AA01 C
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015 C03AA01 53202
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008 A000201 THE HENNESSY MANAGEMENT CO. 2, L.P.
008 B000201 A
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008 D010201 NOVATO
008 D020201 CA
008 D030201 94945
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SIGNATURE   NEIL HENNESSY                                
TITLE       PRESIDENT           
 

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK> 0001005778                        
<NAME> THE HENNESSY FUNDS, INC.                       
<SERIES>
   <NUMBER>                   1
   <NAME>  HENNESSY BALANCED FUND                   

       
<S>                             <C>
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<PERIOD-START>                                  JUL-1-1998
<PERIOD-END>                                   DEC-31-1998
<INVESTMENTS-AT-COST>                           20,800,315
<INVESTMENTS-AT-VALUE>                          22,807,784
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<EQUALIZATION>                                           0
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</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>  0001005778                       
<NAME> THE HENNESSY FUNDS, INC.                       
<SERIES>
   <NUMBER>                   2
   <NAME>                     HENNESSY LEVERAGED DOGS

       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                              JUN-30-1999
<PERIOD-START>                                 JUL-29-1998
<PERIOD-END>                                   DEC-31-1998
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<AVG-DEBT-PER-SHARE>                                     0
        


</TABLE>


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